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Ether holds support and rebounds in Asian trading

27 Jul, 2022

Yesterday Ether was under pressure. As noted here, eventually that saw it drop below $1400. The low point reached was set at 1,357. Hence is came close to, but did not break below the noted support at 1,341.20. That was where the 21 day moving average was potentially guarding against further downside. Well, that did hold and the second largest coin has now rebounded today. It has lifted back above 1400 and to as high as 1458.55 so far. The range seen today has been covered by that and an earlier low at 1367.45. The 21 day moving average is in place right now this morning at 1353.65. The wider 50 and 200 day moving averages are still surrounding the immediate price action, in place today at 1275 and 1795 respectively. ETHUSD is just now trading at 1449.30

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